![]() ![]() Further, Alibaba upgraded to robotic labor in one of its warehouses, drastically reducing the labor workforce by 70% and creating an opportunity for a highly-skilled workforce. For instance, the operational stock of industrial robots reached around 3800 (in thousand units) in recent years. ![]() Various organizations worldwide are adopting robotics automation in their warehouses to reduce the capital spent on labor.The new system uses Mitsubishi Electric's Maisart AI technologies, such as high-precision speech recognition, to initiate work tasks, after which operators can fine-tune robot movements as needed. Further, in March 2022, Mitsubishi developed a robotics system that can work as fast as humans and can be controlled via voice commands.Recently, Siemens partnered with Google Cloud intending to integrate Google Cloud's data cloud and artificial intelligence/machine learning technologies with its factory automation solutions. Multiple key elements of Industry 4.0 apply to robotics, such as connectivity and data. Digitization and the industry 4.0 revolution have stimulated the growth of automation among industries by making them use more innovative and automated solutions, such as robotics and control systems, to improve their production processes.Further, Maruti Suzuki India uses approximately 5,000 robots in one of its plants. For instance, Ford Motor Company uses around 450 robots to paint vehicles and carry out body construction operations at its Sanand facility plant in India. Manufacturing companies have adopted robots in their processes to improve productivity and enhance the quality of their respective vehicles.The company's goal is to make "fundamental advances in AI, robotics, and intelligent machines," with resources focused on cognitive AI, athletic AI, and organic hardware design, with each discipline contributing to advancements in advanced machine capabilities. For instance, in August 2022, Hyundai Motor Group invested USD 400 million in establishing the Boston Dynamics AI Institute to advance AI and robotics.The World Robotics report from the International Federation of Robotics indicated that the investments in new car production capacities and modernization of industrial spaces had driven the demand for robots. ![]()
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